Marina Terrace Tower
About the project
Marina Terrace Tower is a residential project from the renowned developer, Damac Properties which was commissioned back in 2006. The 600 foot (183 meter) tower includes 38 floors and a two-level underground parking garage. Public spaces within the tower occupy floors 1 to 5 in the building’s podium.
There are 200 properties of various sizes and layouts, with a choice of 1-3 bedroom apartments, and penthouses occupying the top two floors of the tower. All units have wide panoramic windows overlooking the canal and the promenade.
The residential complex has the following facilities:
- 24 hour security
- Allocated underground parking
- Concierge services
- Fitness center
- Sauna and Jacuzzi
- Tennis court
- Swimming pool
- Children’s playground
- Barbecue area
A 2-bedroom apartment of 1,545 sq. ft (144 sq. m) includes a kitchen, spacious living room, 3 bathrooms, a maid’s room and a large balcony. The minimum price of this type of property is AED 1,450,000 (USD 391,500).
*The price is valid for 2021
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Location
Marina Terrace Tower is located in Dubai Marina at the beginning of the Marina Walk. The close proximity to the Sheikh Zayed Road (E11) allows fast access to pretty much any part of the city. The Sobha Realty metro Station is just a 15-minute walk away.
Dubai International Airport is approximately 20-25 minutes’ by car and Al Maktoum International Airport is 30-35 minutes’ away.
Downtown Dubai can be reached in approximately 20 minutes’, where you can visit famous tourist attractions including the Burj Khalifa, the Dubai Fountains and the largest shopping mall in the world The Dubai Mall.
Palm Jumeirah island is a 10-minute drive from the residential complex.
Motiongate theme park is 25-30 minutes’ away by private vehicle. Here you can find roller coasters and other attractions for children of all ages.
Emirates Golf Club is a 7-10 minute drive away.
The popular SkyDive Dubai skydiving center is also a 10-minute drive away.
There are many retail stores, beauty salons, restaurants and cafes around the complex, as well as the Dubai Marina Mall.
JBR Beach is a 15 minute walk away.
Monroe`s Nursery and Fun & Play Nursery are both a 10 minute walk away.
Marina Medical Center and Emirates Hospital Clinics are 3-5 minutes’ walk from the development.
Payback
The profitability of this project is 5.72%. The cost of a long-term rental contract with two bedrooms is AED 120,000 (USD 32,400) a year.
*The price is valid for 2021
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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